As per request from many of our investors, we are now also adding two more rows to the Recovery Statistics table, that highlight the amount that has been recovered so far. The first new row will show the amount of principal that has been recovered after the loan defaulted and the second one shows the…
Last week we introduced recovery statistics for investor’s personal portfolio and we are continuing in similar lines for the entire platform portfolio. Introducing the recovery rate graph for Bondora We are currently working to bring you a graph that highlights the progress of the recovery on our platform level compared to expected recovery.
Last week we removed the Repaid amount from My investments Statistics section and changed the pie chart to show only your current portfolio proportions instead of all of your historical investments. With our next release the pie chart will also be updated to use the same colors for the statuses as we have used in other…
Changes to the interface Primary Market As of tomorrow we start showing Bondora Rating for the eligible loans on the Primary Market for informational purposes. As far as the interfaces changes are concerned, you will be able to see the following improvements: Bondora Rating, Expected Loss and Expected Return will be added to all eligible…
Our investors had a possibility to ask our CEO Pärtel Tomberg any question, which they found important about our product and the company on our Facebook page. We thank you all for the meaningful questions. Please find Pärtel’s answers below. Q1 Dear Pärtel Running a peer-to-peer lending site is definitely a hard thing to do. Every day…
On June 18th P2P Finance Association announced that their members will be using a standard way to calculate default rates to help consumers compare the performance of the portfolios on different platforms. In short, the new standards consider a loan default when it has been overdue for at least 120 days. You can read more…
The Peer-to-Peer Finance Association (P2PFA) guidelines consider that a loan defaults after any portion of the loan is not repaid after 120 days following the original loan repayment date. We have a more conservative approach and consider a loan defaulted when a borrower has missed a scheduled payment by more than 60 days (or, in other…
Today we are writing about the default rate and the recovery rate of the defaulted loans. How is the default rate calculated? Some of you have asked us different questions about the default rate. In order to answer them, we first need to give a definition of the default rate. In our case, a loan…
If you are new to Bondora, it may be unclear how to set up your first portfolio manager. Should there be more than one portfolio manager? What criteria should you select? What does “portfolio limit” mean? Today we will explain what to look for when setting up your portfolio manager and start your automated investments….
Some of the investors have enquired about the differences in recovery rates for different levels of debt-to-income. To explore this topic, we took a look at different timeframes (2011, 2012, 2013) and discovered a tendency for no visible negative affect of the DTI level on recovery rates.* The chart below shows all recoveries and re-performing…